Route Mobile’s arm acquires 100% stake in Mobilelink Telecomunicaciones

Route Mobile Ltd. | IT - Software | IT & ITES | BSE: 543228 | NSE: ROUTE

05 May 2023 Evaluate

Route Mobile’s wholly-owned stepdown subsidiary -- Masiv Chile SpA (Masiv Chile) has acquired 100% shares of Mobilelink Telecomunicaciones SpA (Mobilelink) on May 04, 2023. Mobilelink has a license to operate VOIP communications and SMS termination in Chile. Mobilelink Telecomunicaciones SpA is a cloud communication platform as a service provider in Chile. The acquisition will help the company to enter into voice business in Chile.

Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO).

Peers

Company Name	CMP
TCS	2130.00
Infosys	1046.00
HCL Technologies	1238.30
Wipro	164.00
Tech Mahindra	1536.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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